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Livingston County/Brighton/48116

48116

ZIPSAFMR
Livingston County, MI
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,220
1 BR$1,230$1,350
2 BR$1,410$1,550
3 BR$1,950$2,150
4 BR$2,260$2,490
5 BR$2,599Not available
6 BR$2,989Not available
7 BR$3,437Not available
8 BR$3,953Not available

Purchase Price Calculator

Maximum purchase price
$168,413

Cost breakdown

+Likely effective rent$1,550
HUD FMR$1,410
Market rent$2,080
Est. payment standard (110%)Used$1,550
-Principal and interest-$852
Loan amount$134,730
Down payment$33,683
Rate6.50%
Term30 years
-Operating costs-$498
Property taxes-$168
Insurance-$175
Utilities$0
HOA$0
Management-$155
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,976(74.2% ROI)
Projected value
$181,362
Return breakdown
Property appreciation+$12,949
Loan principal paid down+$4,827
Rental cash flow+$7,200
5-year hold
+$42,739(126.9% ROI)
Projected value
$190,544
Return breakdown
Property appreciation+$22,131
Loan principal paid down+$8,608
Rental cash flow+$12,000
10-year hold
+$91,681(272.2% ROI)
Projected value
$215,583
Return breakdown
Property appreciation+$47,170
Loan principal paid down+$20,511
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.72
2 BR
0.68
3 BR
0.79
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 48116 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 48116 (Brighton, MI) is $1,410 a month. That is up 1.4% from $1,390 in FY 2026. Brighton is in the Livingston County, MI HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,477. Among 22 ZIP codes in Livingston County, 48116 has the 18th-highest two-bedroom rent (county range $1,320–$1,720). The median county two-bedroom FMR in Michigan is $1,085, so ZIP 48116 is 30% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 48116
BedroomsFY 2027Change90–110% range
Studio$1,110+15.6%$999–$1,221
1BR$1,230+1.7%$1,107–$1,353
2BR$1,410+1.4%$1,269–$1,551
3BR$1,950+1.0%$1,755–$2,145
4BR$2,260+3.7%$2,034–$2,486

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 48116
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,230$1,410$1,950$2,260
FY 2026$960$1,210$1,390$1,930$2,180
FY 2025$920$1,150$1,340$1,870$2,100
FY 2024$890$1,110$1,310$1,800$2,000
FY 2023$820$1,040$1,230$1,670$1,840

Two-bedroom rent in nearby Livingston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 48116
48114$1,620+14.9%
48116Current$1,410—
48137$1,500+6.4%
48139$1,470+4.3%
48143$1,570+11.3%
48169$1,570+11.3%
48178$1,520+7.8%
48189$1,500+6.4%
48353$1,540+9.2%
48380$1,700+20.6%
48418$1,640+16.3%
48430$1,580+12.1%

Questions about ZIP 48116 rents

How much will Section 8 pay for a two-bedroom in ZIP 48116?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,477, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,329 to $1,625 a month; under the ZIP-level Small Area FMR of $1,410 it would be $1,269 to $1,551. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 48116 in?

ZIP 48116 is in the Livingston County, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,477.

How much did fair market rent change in ZIP 48116 for FY 2027?

The two-bedroom FMR rose 1.4%, from $1,390 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 14.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentBrighton, MI fair market rentMI statewide rentsWhat is SAFMR?Data sources